26 
Investing at "its Best and 
price, and other merits or demerits of all stocks can be 
weighed against each other. 
The investments available in each geographical area 
are thus constantly being compared, and by a gradual 
process of elimination the safest, cheapest, and most 
desirable investments of each known class and quality 
in each geographical investment area are ascertained. 
A register is kept wherein the particulars of those 
stocks that have finally emerged from the tests are 
entered. This register serves as a means of estimating 
the relative desirability of any investment a client of 
the Registry may hold, and also as an index from which 
the investments recommended for purchase are chosen. 
It must be remembered that every investment, 
whether British, Foreign or Colonial, is always in a state 
of flux, and that a stock which was the safest, cheapest, 
and most remunerative to hold some time ago might, 
through changes occurring in the lapse of time, rank 
in an inferior category to-day. For this reason the 
register above described must, if it is to remain really 
valuable, be constantly examined and revised. This 
work the Registry regularly performs. 
Years of labour have been necessary to establish so 
complete a record of facts relating to investments in all 
parts of the w r orld, and consequently a great capital 
outlay was entailed. The maintenance of the system, 
too, involves great expense. A staff of over eighty 
employes, each of whom had to be specially trained for 
the work, is solely engaged in keeping up and applying 
this particular section of the Registry’s business.